Marvell's (MRVL) new relationship with Alphabet (GOOGL) is what Noah Hamman sees as the catalyst the custom silicone developer needs to become a key tech player. Earnings from Nvidia (NVDA) confirming the AI trade is still in full swing is another factor Noah sees benefitting Marvell and similar companies. However, a ballooning P/E ratio is becoming a bigger headwind for the stock's growth.